Siddharth has 3 houses in different buildings in Mumbai kept and used for self-occupation. Treatment to be given in respect of income under the head house property relating to these 3 houses for A.Y. 2021-22 shall be:

CS Executive · Tax Laws · PYQS · December 2021
Siddharth has 3 houses in different buildings in Mumbai kept and used for self-occupation. Treatment to be given in respect of income under the head house property relating to these 3 houses for A.Y. 2021-22 shall be:
(A) One house, at the option of Siddharth, will be treated as self-occupied. The other 2 houses will be deemed to be let out.
(B) One house at the option of A.O. will be treated as self-occupied. The other 2 houses will be deemed to be let out.
(C) Two houses, at the option of Siddharth, will be treated as self-occupied. The other house will be deemed to be let out.
(D) Two houses at the option of A.O., would be considered as self-occupied. The other house will be deemed to be let out.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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